Generali Asset Management SPA SGR Reduces Stock Position in American Water Works Company, Inc. $AWK

Key Points

• Generali Asset Management SPA SGR reduced its stake in American Water Works Company by 16.8%, now holding 14,316 shares valued at nearly $2 million.
• Other institutional investors, including Price T Rowe Associates, increased their holdings significantly, with Price T Rowe raising its stake by 881.1% in the first quarter.
• Analysts have a consensus rating of "Hold" for American Water Works, with a current price target around $145.00 per share.

Generali Asset Management SPA SGR cut its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 16.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,316 shares of the utilities provider's stock after selling 2,881 shares during the period. Generali Asset Management SPA SGR's holdings in American Water Works were worth $1,991,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AWK. Price T Rowe Associates Inc. MD increased its holdings in American Water Works by 881.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock valued at $546,562,000 after buying an additional 3,327,352 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of American Water Works by 24.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock worth $668,566,000 after purchasing an additional 878,951 shares in the last quarter. Groupama Asset Managment increased its stake in shares of American Water Works by 114.3% during the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider's stock worth $2,296,000 after purchasing an additional 802,639 shares in the last quarter. Nuveen LLC purchased a new position in shares of American Water Works during the 1st quarter worth approximately $103,053,000. Finally, BROOKFIELD Corp ON increased its stake in shares of American Water Works by 2,486.6% during the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider's stock worth $84,246,000 after purchasing an additional 549,002 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AWK. UBS Group dropped their price objective on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company dropped their price objective on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Weiss Ratings restated a "hold (c+)" rating on shares of American Water Works in a research report on Wednesday, October 8th. TD Cowen initiated coverage on shares of American Water Works in a research report on Thursday. They set a "hold" rating and a $155.00 target price on the stock. Finally, Cowen initiated coverage on shares of American Water Works in a research report on Wednesday. They set a "hold" rating on the stock. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Water Works has a consensus rating of "Hold" and a consensus price target of $145.00.

American Water Works Stock Up 0.4%

Shares of AWK opened at $143.08 on Friday. The firm has a market cap of $27.91 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 3.42 and a beta of 0.70. The company's fifty day moving average is $140.71 and its two-hundred day moving average is $142.08. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is 59.64%.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

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